How do I write a check to a Third Party, i.e. Insurance Company, Attorney, IRS, etc.?
To pay Third Party fees, you will need to create an Investor Account for whom the fees will be paid to. Note: We suggest you begin the account with the letter Z to differentiate them from you regular investors accounts. For example, Z-ATTY for attorney, Z-INS for insurance company, etc. A Third Party check in Mortcare is created in Check Adjustments. 1. Click on Loan+Care/Disbursements/Check Adjustments 2. Enter the Z-Investor Account/Name and click OK 3. Click on the Plus (+) sign at the bottom of the dialog screen to add a record. 4. Select the Borrower account (use rolodex button). 5. Enter a description/reason for the entry in the Comment field. 6. Enter the Check dates (date to be printed on the check) 7. You have the option to enter your next available check number or Mortcare will enter it for you when you Post the entry. 8. Enter the amount of the check to be paid in the Amount Received field. 9. Click on check mark (ΓΌ) at the bottom of the screen to Post your entry.
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